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Marty Bicknell, CEO and president of Mariner Wealth Advisor

Industry Spotlight > Mergers and Acquisitions

Mariner Wealth Adds Arizona Tax Practice

By Jeff Berman

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What You Need to Know

  • Mariner Wealth's latest acquisition is a tax practice, a departure from the RIA's usual wealth management firm M&As.
  • Scottsdale, Arizona-based Hopkins Tameron Hostal was founded in 2017 by David Hopkins and Joe Tameron.

Mariner Wealth Advisors acquired the Scottsdale, Arizona-based tax practice of Hopkins Tameron Hostal in the latest sign that advisory firms are increasingly looking to add or improve the tax services they offer.

The HTH acquisition and integration of its services “enhances Mariner Wealth Advisors’ mission of providing clients with 360° wealth advice, and emphasizes the firm’s dedication to offering a full catalog of solutions in-house,” the RIA said Wednesday in a news release.

The acquisition is the first M&A deal that Mariner Wealth has announced in 2023 and represents a departure from its usual acquisition target of wealth management practices.

The last firm that Mariner Wealth announced it bought was Ohio wealth management firm McGervey Wealth Management in December. Other recent purchases by Mariner Wealth included Heber Fuger Wendin Investment Advisors, a group based near Detroit with $8.6 billion in assets under management.

Mariner Wealth completed nine acquisitions in 2022. The firm plans to continue growing in 2023 and there are “several more acquisition announcements planned this quarter and this year,” a Mariner Wealth spokesperson told ThinkAdvisor.

The decision to buy HTH and incorporate it into its operations is “part of Mariner Wealth Advisors’ commitment to providing a seamless client experience, which may include tax, trust, insurance and estate professionals as part of a client’s wealth team,” it said.

Mariner Wealth declined to say how much it spent on its latest acquisition, which it said closed Jan. 31.

HTH’s Scottsdale office will officially join the Mariner Wealth brand on Thursday, boosting the firm’s total number of locations nationwide to 84, it said.

Following its integration into the Mariner Wealth brand, HTH and its 12 associates will remain at its Scottsdale office, while also supporting the advisors at Mariner Wealth’s offices in Scottsdale and Phoenix, the RIA said.

Founded in 2017 by David Hopkins and Joe Tameron, HTH’s goal has been to take their expertise from working together at a national firm and scaling it down to offer deeper personalization in each of their services, Mariner Wealth said.

HTH provides personalized tax, consulting and wealth management services for clients in various industries, including construction, hospitality, manufacturing, professional services, real estate and technology. The firm completed 1,500 tax returns in 2022 for corporate and individual clients, according to Mariner Wealth.

“Hopkins and Tameron have demonstrated admirable success in their operations on both a national and independent scale,” according to Marty Bicknell, Mariner Wealth CEO and president. “I look forward to seeing this success translate into the team’s work with our advisors and clients in the greater Scottsdale and Phoenix area, as well as nationwide.”

“Joining Mariner Wealth Advisors will accelerate our mission of turning vision into value for our clients, and we are excited to broaden the scope of services we’re able to provide with the firm’s support,” Hopkins said in a statement.

Mariner has $300 million in assets under advisement and the firm and its affiliates now advise on more than $105 billion in assets, it said.

(Pictured: Marty Bicknell, CEO and president of Mariner Wealth Advisors)

Jeff Berman

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